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  4. Publikationen School of Management and Law
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dc.contributor.authorCludius, Johanna-
dc.contributor.authorBetz, Regina-
dc.date.accessioned2020-01-29T09:44:37Z-
dc.date.available2020-01-29T09:44:37Z-
dc.date.issued2020-
dc.identifier.issn0195-6574de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/19229-
dc.description.abstractThis paper is an empirical investigation of the role of banks in the EU Emissions Trading System (EU ETS). This topic is of particular interest considering that banks are responsible for a large and increasing share of overall transactions under the EU ETS and that they provide regulated companies with services related to emissions trading. Using both semi-structured interviews as well as descriptive and regression analysis, we investigated the different roles banks play in EU emissions trading and whether their importance as trading partners differs in relation to different types of regulated companies. Our regressions based on data from the first trading period of the EU ETS show that large companies with trading experience are more likely to choose a trading strategy involving interaction with a range of financial intermediaries, in particular banks or exchanges, than smaller, less professionalized companies, which tend to follow a trading strategy involving brokers (in particular for selling allowances). These findings can help policymakers decide on the level of involvement of non-regulated companies in their systems, which is currently allowed to varying degrees under different ETS. We recommend that this decision should be closely linked to provisions of market oversight and the level of control over the different types of financial players active in emissions trading.de_CH
dc.language.isoende_CH
dc.publisherIAEEde_CH
dc.relation.ispartofThe Energy Journalde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectBanksde_CH
dc.subjectEU ETSde_CH
dc.subjectEUTLde_CH
dc.subjectTrading strategyde_CH
dc.subject.ddc332.1: Bankende_CH
dc.subject.ddc363: Umwelt- und Sicherheitsproblemede_CH
dc.titleThe role of banks in EU emissions tradingde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitZentrum für Energie und Umwelt (CEE)de_CH
dc.identifier.doi10.5547/01956574.41.2.jclude_CH
zhaw.funding.euNode_CH
zhaw.issue2de_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end299de_CH
zhaw.pages.start275de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume41de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
zhaw.webfeedW: Spitzenpublikationde_CH
zhaw.author.additionalNode_CH
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Cludius, J., & Betz, R. (2020). The role of banks in EU emissions trading. The Energy Journal, 41(2), 275–299. https://doi.org/10.5547/01956574.41.2.jclu
Cludius, J. and Betz, R. (2020) ‘The role of banks in EU emissions trading’, The Energy Journal, 41(2), pp. 275–299. Available at: https://doi.org/10.5547/01956574.41.2.jclu.
J. Cludius and R. Betz, “The role of banks in EU emissions trading,” The Energy Journal, vol. 41, no. 2, pp. 275–299, 2020, doi: 10.5547/01956574.41.2.jclu.
CLUDIUS, Johanna und Regina BETZ, 2020. The role of banks in EU emissions trading. The Energy Journal. 2020. Bd. 41, Nr. 2, S. 275–299. DOI 10.5547/01956574.41.2.jclu
Cludius, Johanna, and Regina Betz. 2020. “The Role of Banks in EU Emissions Trading.” The Energy Journal 41 (2): 275–99. https://doi.org/10.5547/01956574.41.2.jclu.
Cludius, Johanna, and Regina Betz. “The Role of Banks in EU Emissions Trading.” The Energy Journal, vol. 41, no. 2, 2020, pp. 275–99, https://doi.org/10.5547/01956574.41.2.jclu.


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